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This is nothing more than a partnership announcement. Companies make partnerships all the time, it’s not going to materially impact PASO as an overall company like the RM would have. This is BW’s way of helping JG and his family get their shares out at cost once the initial pump happens don’t expect it to go any higher than .03. But this will go sub penny first before it goes up
To change a company’s share structure to accommodate a RM is a huge deal. PASO would’ve had some kind of solid commitment of the RM going through before it all fell apart. Wonder if CLX has to compensate PASO for this fuck up and loss of investor trust
Ppl are buying shares JG and his family are dumping. Why would they want anything to do with paso anymore
@clxhealth Twitter back to its previous bio and they deleted the tweet.
The sec has the responsibility to investigate fraud and stock manipulation
In court this case would be an easy one to prove there was an intent to withhold information, pumping, and to cover up evidence (deleting posts)
Let’s see how it holds when millions come off of restricted and dumped in the coming weeks
His reputation is tarnished for sure. And anyone who google his name or Clx should find links to this scam.
Can someone post steps on how to file a sec complaint ?
The fact that JG closed down his Twitter before the announcement shows you what kind of man he is. At least stand up and face the music like a man, does he really think hiding is really going to help his character ?
Paso did everything they could to prevent a sell off and for people to hold as long as possible.
Dividend, letting us know LOI still in play, vague announcements, going silent, JG making small changes to social media
I don’t think there was ever an intention of letting the shareholders know. I truly believe the hack forced them to address it.
Bro it’s not fear, it’s facts. PASO been held up by the RM. Theres no other catalyst for this company anymore besides some small offices they are opening to treat depression.
He’s left holding it or selling for a huge loss
JG’s punishment now is watching his investment in PASO go down 90%. I’m pretty sure they got hacked and that forced PASO to respond, hence the late 10 am est time response instead of PM.
Whoever hacking Clx is forcing them to address the topic of the RM. hopefully the truth will come to light
Does anyone have a summary of what the webinar was about ?
I see a signed document dated 2021011. Maybe PR is in the works
There’s also CEO’s who likes to drop weekly updates that end up being scams too. I take no news as good news right now.
Interesting track record. I’m sure JG knew about Bruce’s past and decided to still push this forward with such reputable companies involved.
He could be blocking ppl too
I’m glad you pointed that out. It seems like CLX was planning to merge into PASO while still allowing a part of PASO’s business model to continue to operate independently.
If that’s the case then I do expect a 2nd PR from CLX and PASO soon . If we don’t see some kind of acknowledgment tomorrow that It’s still on or delayed then that’s pretty shitty on their part.
I guess if we got screwed then JG and his family that bought millions of shares are in the same boat. Maybe they thought today’s PR was going to help them get back to breakeven?
We’ll see what else they got under their sleeves to pump this stock.
Yes, and until they announce a delay or a new timeline. Then the date is still end of Q4.
I have a feeling it’ll be like the first delay where they started updating their logos and social media accounts only to postpone it the next day after the original merger date.
Hoping they prove me wrong
Why would they bother to update their profile a week away from a supposed merger to state that they are private?
I know we’re all probably over analyzing every action but none of this really makes sense for a company that’s about to do a RM.
Not looking good
I’m starting to agree with you...his deletion of tweets is a bit strange and worrisome. Did he maybe jumped the gun thinking everything was ready to go only for it to be delayed again. Either way it’s criminal to say the least.
CLX already has a website
Looks like a PM software. CLX is probably using this to track development
Looks like JG’s Twitter is now private.
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CLX does all the backend work of managing patient records. These front end apps like common pass and travel pass needs Clx to obtain the data and certification they need. Even though clx have their own app it’s just a small part of the business.
Question - if the DA was off wouldn’t PASO need to address it within a certain time frame since it’s material information that could affect SP? I’m sure they can’t just hang on to that info and dump shares while their shareholders are scratching their heads
PASO long here. I downloaded the app yesterday. Not sure why they are releasing such an incomplete version of the app. The only real functionality is finding testing centers which I’m sure there’s already tons of similar apps out there.
Hopefully they’ve been making good progress on further development.
Thank you for the notes ! Did anyone ask about the 10/1 split mentioned in the filing ?
9 billion shares available for issuance to 1.3 billion o/s sounds like a lot of potential dilution to me. Is anyone else seeing the same thing
I’m not getting you as you said you broke even...
Should you be you happy broke even from this? Haha
That’s common as a fee to get into a shell company. Ozsc I believe the new company paid 400k to get into that ticker.
I’ve been following this stock and did my DD. He said on Aug 4th that they are working on signing papers with institutional investors.
Today on the podcast the host congratulated him on the institutional investors. I just find it strange they didn’t do a PR on that specifically with details, rather than just mentioning it on the podcast.
Why no PR on institutional investors ? I figured that should be huge.